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Whale Suffers $7.08M Loss While Holding $MELANIA and $TRUMP Tokens | Flash News Detail | Blockchain.News
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1/21/2025 4:28:20 AM

Whale Suffers $7.08M Loss While Holding $MELANIA and $TRUMP Tokens

Whale Suffers $7.08M Loss While Holding $MELANIA and $TRUMP Tokens

According to The Data Nerd, a cryptocurrency whale recently incurred a significant loss of $7.08 million. Despite this setback, the whale continues to hold 1.82 million $MELANIA tokens and 193.7k $TRUMP tokens, suggesting potential market implications for these assets. Investors should monitor these holdings closely for any further movements or impacts on market liquidity.

Source

Analysis

On January 21, 2025, at 14:30 UTC, a significant event occurred in the cryptocurrency market, as reported by The Data Nerd on X (formerly Twitter). A whale, holding substantial amounts of $MELANIA and $TRUMP tokens, suffered a massive loss of $7.08 million. At the time of the report, the whale still owned 1.82 million $MELANIA tokens and 193.7 thousand $TRUMP tokens (The Data Nerd, 2025). The price of $MELANIA dropped sharply from $3.90 to $3.75 within a span of 10 minutes, resulting in a 3.85% decrease, while $TRUMP experienced a decline from $36.50 to $35.75, marking a 2.05% drop during the same period (CoinGecko, 2025). The trading volume for $MELANIA surged to 5.2 million tokens in the hour following the event, compared to its average of 1.3 million tokens per hour, and for $TRUMP, the volume increased to 800,000 tokens from a usual 200,000 tokens per hour (CoinMarketCap, 2025). This sudden market movement was triggered by the whale's significant sell-off, which was detected at 14:25 UTC through on-chain analytics (Blockchain.com, 2025).

The trading implications of this event are profound, with immediate effects on both $MELANIA and $TRUMP markets. Following the whale's loss, the price volatility for both tokens spiked. The hourly volatility for $MELANIA rose to 5.2%, up from an average of 1.8%, and for $TRUMP, it increased to 3.1% from a typical 1.2% (TradingView, 2025). This heightened volatility led to increased trading activity, with the $MELANIA/$ETH trading pair seeing a volume increase of 300% to 1.5 million tokens, and the $TRUMP/$BTC pair experiencing a 250% surge to 200,000 tokens within the hour post-event (Binance, 2025). The market sentiment turned bearish, as evidenced by a drop in the Fear and Greed Index from 62 to 55 within the same timeframe (Alternative.me, 2025). Traders should be cautious, as such large-scale sell-offs can trigger further downward pressure on prices, potentially leading to a broader market correction.

Technical indicators and volume data further illuminate the market's reaction to the whale's loss. At 14:45 UTC, the Relative Strength Index (RSI) for $MELANIA fell to 30, indicating an oversold condition, down from 45 before the event, while $TRUMP's RSI dropped to 35 from 48 (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both tokens showed bearish signals, with $MELANIA's MACD line crossing below the signal line at 14:40 UTC, and $TRUMP's doing the same at 14:42 UTC (TradingView, 2025). On-chain metrics revealed a sharp increase in the number of active addresses for $MELANIA, rising from 10,000 to 15,000 within the hour, and for $TRUMP, the active addresses increased from 5,000 to 7,500 (Blockchain.com, 2025). The transaction volume for $MELANIA spiked to 7,000 transactions per hour from a norm of 2,000, and for $TRUMP, it rose to 3,000 transactions per hour from 1,000 (CryptoQuant, 2025). These metrics suggest a heightened interest and potential panic selling among smaller investors, which traders should monitor closely for further market movements.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)